Focus on commercial infrastructure, Sribharat tells real estate developers

VISAKHAPATNAM Member of Parliament M. Sribharat called upon real estate developers to focus not only on residential projects but also on commercial buildings, office spaces and modern business infrastructure to meet the city's growing and future requirements. Mr.

Sribharat inaugurated the three-day Vizag Property Expo-2026, organised by NAREDCO North Zone at Gadiraju Palace on Friday. Palasa MLA Gouthu Sireesha, MLC Vepada Chiranjeevi Rao and SBI deputy general manager Rahul Sankritya were among those present. Addressing the gathering, the MP said Visakhapatnam was witnessing rapid urban expansion and that the anticipated investments, industrial growth, IT sector expansion and tourism development would create significant new opportunities for the real estate industry.

He observed that the demand for commercial real estate and office spaces was expected to increase substantially in the coming years.